Vanguard Group Inc. Has $586.27 Million Stock Holdings in Cushman & Wakefield PLC $CWK

Vanguard Group Inc. lessened its holdings in shares of Cushman & Wakefield PLC (NYSE:CWK) by 0.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 36,211,897 shares of the company’s stock after selling 92,289 shares during the period. Vanguard Group Inc. owned 0.16% of Cushman & Wakefield worth $586,271,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CWK. EverSource Wealth Advisors LLC grew its holdings in Cushman & Wakefield by 126.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after acquiring an additional 1,321 shares during the period. First Horizon Corp acquired a new stake in Cushman & Wakefield during the 3rd quarter worth $32,000. Quarry LP grew its holdings in Cushman & Wakefield by 4,473.5% during the 3rd quarter. Quarry LP now owns 2,241 shares of the company’s stock worth $36,000 after acquiring an additional 2,192 shares during the period. Community Bank N.A. acquired a new stake in Cushman & Wakefield during the 3rd quarter worth $45,000. Finally, Osaic Holdings Inc. grew its holdings in Cushman & Wakefield by 85.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,354 shares of the company’s stock worth $48,000 after acquiring an additional 2,012 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Trading Down 1.9%

CWK opened at $13.84 on Tuesday. The stock has a market capitalization of $3.24 billion, a P/E ratio of 36.42 and a beta of 1.50. Cushman & Wakefield PLC has a 12 month low of $9.43 and a 12 month high of $17.40. The firm’s fifty day simple moving average is $13.12 and its 200 day simple moving average is $14.91. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.34.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Cushman & Wakefield had a net margin of 0.86% and a return on equity of 15.02%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 EPS. As a group, research analysts anticipate that Cushman & Wakefield PLC will post 1.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on CWK. Wolfe Research raised shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price for the company in a report on Monday, February 9th. Barclays reduced their price target on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. Wall Street Zen cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Morgan Stanley reissued an “overweight” rating and set a $19.00 price target on shares of Cushman & Wakefield in a research report on Friday, January 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cushman & Wakefield in a research report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Cushman & Wakefield has an average rating of “Moderate Buy” and a consensus target price of $18.06.

About Cushman & Wakefield

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.